
Business multiple choice Quiz
Authored by Tristan Heerden
Business
10th Grade
Used 2+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which document would be issued to a limited company giving it permission to trade?
A Memorandum of association
B Articles of association
C Certificate of incorporation
D Prospectus
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which item of information would be contained in the memorandum of association?
A Rights of shareholders
B Name of the company
C Price of the shares to be issued
D Procedures for appointing directors
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a disadvantage of a private limited company?
A Shareholders have limited liability
B Owners have to share the profits with 'outsiders'
C It can take time to transfer shares to a new owner
D Control could be lost to 'outsiders'
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an advantage of a sole trader?
A Limited liability
B More capital can be raised than a partnership
C Unlimited liability
D Independence for owners
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Having a clear social and/or environmental mission is a feature of which business structure?
A Franchise
B Sole trader
C Social enterprise
D Partnership
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fast method of growth is a key advantage for which business structure?
A Franchisor
B Partnership
C Franchisee
D Social enterprise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Taking risk in business is a key role of which of the following?
A Accountant
B Entrepreneur
C Company director
D Marketing manager
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